Authorize.net Denies Any Blame After Weekend Spending Spree by Card Thiefs

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Authorize.net Denies Any Blame After Weekend Spending Spree by Card Thiefs

04-04-2006, 11:07 AM,

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mandy Offline

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Authorize.net Denies Any Blame After Weekend Spending Spree by Card Thiefs

Quote:A major online payment provider said Monday that its processing service had been used in an attempt to charge money to stolen credit and debit cards.

Several Web hosting companies that use the Authorize.Net service to accept credit cards online saw a sudden spike in transactions over the weekend. The transactions, most for $500 and $700, were billed to Visa, MasterCard and American Express cards that belong to people across the U.S., representatives for three Web hosts told CNET News.com.

"These hackers got their hands on high quality data, and they used merchants of ours to run that data through the merchant's Web site, which goes through our platform," said David Schwartz, a spokesman for Authorize.Net ...

full article: http://news.com.com/2100-7349_3-6057305.html?part=rss&tag=6057305&subj=news

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